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Some of the most important responsibilities of the Secretary of State involve registry of businesses and corporations, monitoring banks, and other commercial activities. However, unlike many other U.S. Secretaries of State , the Delaware Secretary of State is not in charge of administering elections in Delaware.
Delaware acquired its status as a corporate haven in the early 20th century. Following the example of New Jersey, which enacted corporate-friendly laws at the end of the 19th century to attract businesses [5] from New York, Delaware adopted on March 10, 1899, a general incorporation act aimed at attracting more businesses.
Delaware's economy shifted to a manufacturing base in the late 19th century, led by the transformation of the DuPont Company. [1] Modern growth in the financial workforce has overtaken the manufacturing sector in the state's economy. The Delaware General Corporation Law provides a flexible and stable framework for national incorporation. [2]
Bullock served as chief of staff under Tom Carper when he was Governor of Delaware. In 2006, New Castle county executive Chris Coons appointed Bullock to be the county's chief administrative officer. [3] Governor Jack Markell appointed Bullock as Secretary of State in January 2009. [4]
One other measure from the US Census Bureau showed that business applications from corporations in Delaware dropped 8.5% between December 2022 and December 2023, according to IRS filings, after ...
Delaware is the home to more than 1.8 million corporations, more than the number of residents in the state. The Court of Chancery handle corporate internal affairs litigation (such as shareholder disputes and merger disputes) according the Delaware General Corporation Law, the statute governing corporations in Delaware. As a result, it is a hub ...
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